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this is all information given there are 2 pictures you have to click on it to see the extra information. (Click the icon to view
this is all information given
there are 2 pictures you have to click on it to see the extra information.
(Click the icon to view additional information) Read the requirements Requirement 1. Prepare the income talement with a proper heading) for 2018. (Enteral amounts in milions. If a box is not used in the income statement, leave the box empty, do not select a label or enter a zero.) millions) Revenue Expenses Net income) McCall incurred, during that same year, salary expense of $30 million, rent expense of $24 million, and utilities expense of $20 million. McCall declared and paid dividends of $13 million during the year. At December 31, 2018, McCall had cash of $180 million, accounts receivable of $85 million, property and equipment of $36 million, and other long-term assets of $19 million. At December 31, 2018, the company owed accounts payable of $64 million and had a long-term note payable of $28 million. McCall began 2018 with a balance in retained earnings of $77 million. At December 31, 2018, McCall had total stockholders' equity of $228 million, which consisted of common stock and retained earnings. McCall has a year-end of December 31 Step by Step Solution
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